2024 Bond

Richland School District voters will be asked to consider approving a school construction bond on November 5, 2024.

RSD Bond 2024

What's Included in the Bond Package?

Financial Impact of the Bond

The total proposed bond request is $314 million. The 2024 bond will also leverage an estimated $43 million in state match (assistance revenues).

The estimated school tax rate for 2024 is projected to be $0.97 per $1,000 in assessed home values. The growth in Richland and West Richland has increased the number of residential taxpayers, spreading the tax burden more widely. Additionally, more retail and commercial properties within our school district have further reduced the tax burden on residents. Get an estimate for what your annual taxes will look like at www.rsd.edu/calculator.

2024 Bond Cost


What is State Contribution, Assistance Revenues or Match?

Many school districts can qualify for additional financial assistance from the state of Washington to help build or modernize facilities (capital construction). The state determines the amount of square footage that each student needs (the amounts are different for elementary, middle, and high schools) and assigns a dollar amount per square foot based on current average construction cost estimates. Both new construction and remodeling projects are eligible for state assistance. While these matching funds are helpful for bond projects, only a limited percentage of actual costs are typically covered using this formula, leaving the rest of the cost to the school district and the local community (via a voter-approved bond or levy).

Understanding Taxes and Tax Rates

If property values increase equally (example shown is 20%), the same tax amount would be due assuming the same levy amount.

 

If property values increase equally (example shown is 20%) and a new house is built, the new house may reduce other tax bills.

 

Frequently Asked Questions